At 20:30 Beijing time on Friday (October 4), the U.S. Department of Labor released the September non-farm employment report. The data showed that the number of new non-farm employment was 254,000, higher than the market expectation of 140,000, the largest increase since March 2024, and the unemployment rate fell to 4.1%, the lowest since June 2024, while the annual wage increase rose to 4.0%, the highest since May 2024. This series of data exceeded market expectations and made investors optimistic.
With the release of this data, market expectations for a rate cut by the Federal Reserve have changed significantly. The U.S. dollar index (DXY) immediately rebounded 60 points and broke through the 102 mark. Spot gold plummeted by $18 in one minute, and gold plummeted by $18 in one minute to 2,640, and then slowly expanded its decline.
If the analysis at 8:20 is consistent, the market does not have excessive expectations for shorts, but instead goes up, then just execute according to the plan. There is no extra action. I think many people look at the data to go short, so I can only tell you. Don't be misled by analysts, you are still young.
63500-68000
